NEM vs AEM Stock Comparison: AI Score, Valuation, Performance and Upside
Newmont and Agnico Eagle are both senior gold mining companies, but Newmont is the larger, more globally diversified producer including exposure to copper, while Agnico Eagle concentrates its operations in politically stable regions with a longer track record of disciplined operational execution.
NEM offers scale and geographic diversification with copper exposure, while AEM offers a more concentrated, politically stable operating footprint with a strong execution track record. The decision depends on whether you prioritize scale and diversification or geopolitical stability and execution consistency.
AEM holds the edge across 3 of 5 key metrics in this comparison. NEM leads on both 1-year return (+32.41%) and forward P/E quality (12.69x vs 16.04x for AEM), a relatively favorable combination of momentum and valuation. AEM leads on both revenue growth (35.00%) and operating margin (58.10%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for AEM (+7.25%) than for NEM (+3.82%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to the largest gold producer globally with broad geographic diversification
- Value some diversification into copper production alongside gold
- Are comfortable with the political and currency risks that come with operating across many countries
- Believe successful integration of past acquisitions will drive operational synergies
- Prefer gold mining exposure concentrated in politically stable jurisdictions
- Value a long track record of disciplined operational execution and reserve growth
- Want a gold miner with a consistent history of dividend payments through price cycles
- Are comfortable with less geographic diversification in exchange for reduced political risk
| Metric | NEM | AEM |
|---|---|---|
| AI scorei | 51.5 | 54.7 |
| AI ranki | #258 | #282 |
| Latest closei | $110.39 | $175.69 |
| 1M returni | -9.09% | -9.66% |
| 3M returni | +18.10% | +20.64% |
| 6M returni | -4.90% | -10.91% |
| 1Y returni | +32.41% | +8.50% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NEM | AEM |
|---|---|---|
| 1Y ago | $14.04K (+40.4%) started 2025-10-27 | $11.53K (+15.3%) started 2025-10-27 |
| 5Y ago | $24.54K (+145.4%) started 2021-10-27 | $38.83K (+288.3%) started 2021-10-26 |
| 10Y ago | $51.55K (+415.5%) started 2016-10-27 | $52.96K (+429.6%) started 2016-10-26 |
Hypothetical — past performance does not guarantee future results.
| Metric | NEM | AEM |
|---|---|---|
| Market capi | $134.85B | $101.46B |
| Trailing P/Ei | 16.14 | 17.15 |
| Forward P/Ei | 12.69 | 16.04 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 5.11 | 6.77 |
| Analyst targeti | $132.87 | $214.89 |
| Target upsidei | +3.82% | +7.25% |
| Metric | NEM | AEM |
|---|---|---|
| Revenue growthi | 15.10% | 35.00% |
| Earnings growthi | 11.40% | 49.40% |
| EPS growthi | +11.40% | +49.40% |
| FCF margini | +34.21% | +29.48% |
| Operating margini | 51.57% | 58.10% |
| Profit margini | 33.36% | 40.44% |
| ROIC proxyi | 25.91% | 22.97% |
| Return on equityi | 25.91% | 22.97% |
| Dividend yieldi | 0.79% | 0.92% |
| Payout ratioi | 11.95% | 14.54% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 0.50 | 0.67 |
| Debt/equityi | 15.81 | 1.12 |
| Current ratioi | 2.55 | 2.86 |
| Quick ratioi | 1.95 | 1.90 |
Over the past year, NEM and AEM have moved strongly in the same direction (correlation of 0.89), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | NEM | AEM |
|---|---|---|---|
| 1Y | Growthi | +40.39% | +14.22% |
| CAGRi | +40.59% | +14.27% | |
| Volatilityi | 47.65% | 47.67% | |
| Sharpe ratioi | 0.86 | 0.43 | |
| Sortino ratioi | 1.23 | 0.60 | |
| Max drawdowni | 32.40% | 45.80% | |
| Current drawdowni | 18.31% | 30.01% | |
| Avg drawdowni | 12.14% | 18.50% | |
| Ulcer Indexi | 15.25% | 23.02% | |
| Max daily dropi | 11.49% | 11.61% | |
| Max wkly dropi | 14.50% | 15.33% | |
| 5Y | Growthi | +116.37% | +244.22% |
| CAGRi | +16.70% | +28.05% | |
| Volatilityi | 39.19% | 38.50% | |
| Sharpe ratioi | 0.48 | 0.72 | |
| Sortino ratioi | 0.68 | 1.04 | |
| Max drawdowni | 62.40% | 45.80% | |
| Current drawdowni | 18.31% | 30.01% | |
| Avg drawdowni | 30.98% | 14.16% | |
| Ulcer Indexi | 36.11% | 18.25% | |
| Max daily dropi | 14.70% | 11.61% | |
| Max wkly dropi | 18.70% | 15.33% | |
| 10Y | Growthi | +299.06% | +334.82% |
| CAGRi | +14.85% | +15.83% | |
| Volatilityi | 35.72% | 37.59% | |
| Sharpe ratioi | 0.44 | 0.46 | |
| Sortino ratioi | 0.63 | 0.66 | |
| Max drawdowni | 62.40% | 54.18% | |
| Current drawdowni | 18.31% | 30.01% | |
| Avg drawdowni | 21.29% | 19.81% | |
| Ulcer Indexi | 27.30% | 24.25% | |
| Max daily dropi | 14.70% | 15.63% | |
| Max wkly dropi | 24.55% | 29.76% |
| Category | NEM | AEM |
|---|---|---|
| Company | Newmont Corporation | Agnico Eagle Mines Limited |
| Sector | Basic Materials | Basic Materials |
| Industry | Gold | Gold |
| Core business | The world's largest gold mining company by production, operating a globally diversified portfolio of gold and copper mines across North America, South America, Australia, and Africa. | A senior gold mining company with operations concentrated primarily in politically stable regions including Canada, Finland, and Mexico, known for a long history of operational execution and reserve growth. |
| Investor focus | All-in sustaining cost trends across its mine portfolio, production guidance consistency following past acquisitions, and dividend payout sustainability tied to gold price levels. | Production cost trends and reserve replacement across its core mining regions, exploration success extending mine life, and dividend growth consistency. |
- Position as the largest gold producer globally provides significant scale and diversification across multiple mining regions
- Broad geographic diversification across several continents reduces reliance on any single country's political or regulatory environment
- Exposure to copper production alongside gold provides some diversification into another economically sensitive metal
- Concentration of operations in politically stable mining jurisdictions reduces geopolitical and regulatory risk relative to globally diversified peers
- Long track record of operational execution and reserve growth reflects disciplined mine planning and exploration success
- Consistent history of dividend payments through gold price cycles reflects a conservative financial management approach
- Integration of past large-scale acquisitions requires continued execution to realize expected operational synergies
- Operating across multiple countries exposes the company to varied political, regulatory, and currency risks
- Production costs across a large, diverse mine portfolio can vary significantly, affecting overall margin consistency
- Geographic concentration in fewer regions provides less diversification than globally diversified gold mining peers
- Gold mining remains inherently capital-intensive, requiring sustained investment to replace depleting reserves over time
- Production costs and margins remain sensitive to gold price cycles despite the company's operational discipline
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